Public-Private Partnerships in the New EU Member States
Public-private partnerships (PPPs) operate at the boundary of the public and private sectors, being neither fully public nor fully private. PPPs are defined in this paper as privately financed infrastructure projects in which a private firm either:...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states http://hdl.handle.net/10986/6743 |
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okr-10986-6743 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCRUAL ACCOUNTING ADEQUATE DISCLOSURE ARREARS ASSET-BACKED SECURITIES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANKS BENEFICIARIES BENEFICIARY BORROWING COSTS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGETARY FRAMEWORK BUDGETING CAPACITY BUILDING CASH ACCOUNTING CASH FLOWS CASH PAYMENTS CATASTROPHE BOND CATASTROPHE BONDS CENTRAL BANK CENTRAL GOVERNMENT CONTROL CENTRAL GOVERNMENTS COMMODITY PRICE CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRACT DESIGNS COST OF CAPITAL COUPON COUPON BOND CREDIT GUARANTEES CREDIT LINES CREDIT RATING CREDIT RATING AGENCIES CREDITORS CURRENCY CURRENCY DEPRECIATION DEBT DEBT CONTROLS DEBT FINANCING DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MANAGEMENT AGENCIES DEBTORS DEBTS DEFICITS DERIVATIVES DERIVATIVES MARKET DEVELOPMENT BANK DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC FINANCIAL MARKETS ECONOMIC EFFICIENCY ECONOMIC GROWTH EIB ELECTRICITY ENFORCEMENT MECHANISM EXCESS DEMAND EXCHANGE RATE EXPENDITURE EXPENDITURES EXTRABUDGETARY FUNDS FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL CONSTRAINT FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE FUTURES GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT BUDGETING GOVERNMENT CAPACITY GOVERNMENT DEBT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SUPPORT GUARANTEE FEE GUARANTEE FEES GUARANTEE FUNDS HARD BUDGET CONSTRAINTS IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTMENT REQUIREMENTS INVESTOR PROTECTION ISSUANCE LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIABILITY LIABILITY MANAGEMENT LICENSES LOAN LOAN GUARANTEE LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT GUARANTEES LOCAL GOVERNMENTS LOCAL MARKET LONG-TERM OBLIGATIONS MACROECONOMIC RISK MARKET DEVELOPMENT MARKET ECONOMIES MARKET VALUE MINISTRIES OF FINANCE MONETARY FINANCING MORAL HAZARD MUNICIPALITIES NATIONAL DEBT OPPORTUNITY COST OPPORTUNITY COSTS PENALTIES PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRICE RISKS PRIVATE DEBT PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTY PRIVATE SECTOR PROVISIONS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC UTILITIES PUBLICPRIVATE PARTNERSHIPS REGULAR PAYMENTS REPAYMENT RESOURCE ALLOCATION RETIREMENT RETURN RETURNS REVENUE GUARANTEES REVENUE MOBILIZATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK TAKING ROADS SAVINGS SEWAGE SHAREHOLDERS SHORT MATURITIES SOLVENCY STATE GUARANTEE STATE GUARANTEES SUBSIDIARY SWAPS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRANSPARENCY TRANSPORT TREASURY USER CHARGES VALUATION WATER SUPPLY |
| spellingShingle |
ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCRUAL ACCOUNTING ADEQUATE DISCLOSURE ARREARS ASSET-BACKED SECURITIES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANKS BENEFICIARIES BENEFICIARY BORROWING COSTS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGETARY FRAMEWORK BUDGETING CAPACITY BUILDING CASH ACCOUNTING CASH FLOWS CASH PAYMENTS CATASTROPHE BOND CATASTROPHE BONDS CENTRAL BANK CENTRAL GOVERNMENT CONTROL CENTRAL GOVERNMENTS COMMODITY PRICE CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRACT DESIGNS COST OF CAPITAL COUPON COUPON BOND CREDIT GUARANTEES CREDIT LINES CREDIT RATING CREDIT RATING AGENCIES CREDITORS CURRENCY CURRENCY DEPRECIATION DEBT DEBT CONTROLS DEBT FINANCING DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MANAGEMENT AGENCIES DEBTORS DEBTS DEFICITS DERIVATIVES DERIVATIVES MARKET DEVELOPMENT BANK DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC FINANCIAL MARKETS ECONOMIC EFFICIENCY ECONOMIC GROWTH EIB ELECTRICITY ENFORCEMENT MECHANISM EXCESS DEMAND EXCHANGE RATE EXPENDITURE EXPENDITURES EXTRABUDGETARY FUNDS FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL CONSTRAINT FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE FUTURES GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT BUDGETING GOVERNMENT CAPACITY GOVERNMENT DEBT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SUPPORT GUARANTEE FEE GUARANTEE FEES GUARANTEE FUNDS HARD BUDGET CONSTRAINTS IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTMENT REQUIREMENTS INVESTOR PROTECTION ISSUANCE LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIABILITY LIABILITY MANAGEMENT LICENSES LOAN LOAN GUARANTEE LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT GUARANTEES LOCAL GOVERNMENTS LOCAL MARKET LONG-TERM OBLIGATIONS MACROECONOMIC RISK MARKET DEVELOPMENT MARKET ECONOMIES MARKET VALUE MINISTRIES OF FINANCE MONETARY FINANCING MORAL HAZARD MUNICIPALITIES NATIONAL DEBT OPPORTUNITY COST OPPORTUNITY COSTS PENALTIES PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRICE RISKS PRIVATE DEBT PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTY PRIVATE SECTOR PROVISIONS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC UTILITIES PUBLICPRIVATE PARTNERSHIPS REGULAR PAYMENTS REPAYMENT RESOURCE ALLOCATION RETIREMENT RETURN RETURNS REVENUE GUARANTEES REVENUE MOBILIZATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK TAKING ROADS SAVINGS SEWAGE SHAREHOLDERS SHORT MATURITIES SOLVENCY STATE GUARANTEE STATE GUARANTEES SUBSIDIARY SWAPS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRANSPARENCY TRANSPORT TREASURY USER CHARGES VALUATION WATER SUPPLY Budina, Nina Polackova Brixi, Hana Irwin, Timothy Public-Private Partnerships in the New EU Member States |
| geographic_facet |
Europe and Central Asia |
| relation |
World Bank Working Paper No.114 |
| description |
Public-private partnerships (PPPs)
operate at the boundary of the public and private sectors,
being neither fully public nor fully private. PPPs are
defined in this paper as privately financed infrastructure
projects in which a private firm either: (i) sells its
services to the government; or (ii) sells its services to
third parties with significant fiscal support in the form of
guarantees. Despite these common elements of PPPs across
sectors, there are differences in the type of arrangements
that are typical in each sector. This study focuses on
whether and when using PPPs can create fiscal space for
additional infrastructure investments in the EU8. In doing
so, the paper will examine the fiscal risks of PPPs and the
role of fiscal institutions in this regard, including how
these affect the use and design of PPPs and thus the
potential for creating fiscal space while promoting
investment in infrastructure. Chapter 2 distinguishes the
illusory from the real fiscal effects of PPPs. Chapter 3
relates the extent to which PPPs reduce fiscal costs to the
nature of fiscal institutions. Chapter 4 explains how fiscal
institutions can be improved to encourage fiscal prudence in
the use and design of PPPs. Chapter 5 concludes. |
| format |
Publications & Research :: Publication |
| author |
Budina, Nina Polackova Brixi, Hana Irwin, Timothy |
| author_facet |
Budina, Nina Polackova Brixi, Hana Irwin, Timothy |
| author_sort |
Budina, Nina |
| title |
Public-Private Partnerships in the New EU Member States |
| title_short |
Public-Private Partnerships in the New EU Member States |
| title_full |
Public-Private Partnerships in the New EU Member States |
| title_fullStr |
Public-Private Partnerships in the New EU Member States |
| title_full_unstemmed |
Public-Private Partnerships in the New EU Member States |
| title_sort |
public-private partnerships in the new eu member states |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states http://hdl.handle.net/10986/6743 |
| _version_ |
1764398484447821824 |
| spelling |
okr-10986-67432021-04-23T14:02:26Z Public-Private Partnerships in the New EU Member States Budina, Nina Polackova Brixi, Hana Irwin, Timothy ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCRUAL ACCOUNTING ADEQUATE DISCLOSURE ARREARS ASSET-BACKED SECURITIES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANKS BENEFICIARIES BENEFICIARY BORROWING COSTS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGETARY FRAMEWORK BUDGETING CAPACITY BUILDING CASH ACCOUNTING CASH FLOWS CASH PAYMENTS CATASTROPHE BOND CATASTROPHE BONDS CENTRAL BANK CENTRAL GOVERNMENT CONTROL CENTRAL GOVERNMENTS COMMODITY PRICE CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRACT DESIGNS COST OF CAPITAL COUPON COUPON BOND CREDIT GUARANTEES CREDIT LINES CREDIT RATING CREDIT RATING AGENCIES CREDITORS CURRENCY CURRENCY DEPRECIATION DEBT DEBT CONTROLS DEBT FINANCING DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MANAGEMENT AGENCIES DEBTORS DEBTS DEFICITS DERIVATIVES DERIVATIVES MARKET DEVELOPMENT BANK DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC FINANCIAL MARKETS ECONOMIC EFFICIENCY ECONOMIC GROWTH EIB ELECTRICITY ENFORCEMENT MECHANISM EXCESS DEMAND EXCHANGE RATE EXPENDITURE EXPENDITURES EXTRABUDGETARY FUNDS FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INCENTIVES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL CONSTRAINT FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICY FISCAL REFORMS FOREIGN EXCHANGE FUTURES GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT BUDGETING GOVERNMENT CAPACITY GOVERNMENT DEBT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SUPPORT GUARANTEE FEE GUARANTEE FEES GUARANTEE FUNDS HARD BUDGET CONSTRAINTS IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERGOVERNMENTAL FISCAL RELATIONS INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTMENT REQUIREMENTS INVESTOR PROTECTION ISSUANCE LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIABILITY LIABILITY MANAGEMENT LICENSES LOAN LOAN GUARANTEE LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT GUARANTEES LOCAL GOVERNMENTS LOCAL MARKET LONG-TERM OBLIGATIONS MACROECONOMIC RISK MARKET DEVELOPMENT MARKET ECONOMIES MARKET VALUE MINISTRIES OF FINANCE MONETARY FINANCING MORAL HAZARD MUNICIPALITIES NATIONAL DEBT OPPORTUNITY COST OPPORTUNITY COSTS PENALTIES PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRESENT VALUE PRICE RISKS PRIVATE DEBT PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE PARTY PRIVATE SECTOR PROVISIONS PUBLIC PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC UTILITIES PUBLICPRIVATE PARTNERSHIPS REGULAR PAYMENTS REPAYMENT RESOURCE ALLOCATION RETIREMENT RETURN RETURNS REVENUE GUARANTEES REVENUE MOBILIZATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK TAKING ROADS SAVINGS SEWAGE SHAREHOLDERS SHORT MATURITIES SOLVENCY STATE GUARANTEE STATE GUARANTEES SUBSIDIARY SWAPS TAX TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TRANSPARENCY TRANSPORT TREASURY USER CHARGES VALUATION WATER SUPPLY Public-private partnerships (PPPs) operate at the boundary of the public and private sectors, being neither fully public nor fully private. PPPs are defined in this paper as privately financed infrastructure projects in which a private firm either: (i) sells its services to the government; or (ii) sells its services to third parties with significant fiscal support in the form of guarantees. Despite these common elements of PPPs across sectors, there are differences in the type of arrangements that are typical in each sector. This study focuses on whether and when using PPPs can create fiscal space for additional infrastructure investments in the EU8. In doing so, the paper will examine the fiscal risks of PPPs and the role of fiscal institutions in this regard, including how these affect the use and design of PPPs and thus the potential for creating fiscal space while promoting investment in infrastructure. Chapter 2 distinguishes the illusory from the real fiscal effects of PPPs. Chapter 3 relates the extent to which PPPs reduce fiscal costs to the nature of fiscal institutions. Chapter 4 explains how fiscal institutions can be improved to encourage fiscal prudence in the use and design of PPPs. Chapter 5 concludes. 2012-05-31T15:19:47Z 2012-05-31T15:19:47Z 2007 http://documents.worldbank.org/curated/en/2007/06/8187734/public-private-partnerships-new-eu-member-states 978-0-8213-7153-4 http://hdl.handle.net/10986/6743 English en_US World Bank Working Paper No.114 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia |